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Chrysler Official Graduates from the 'Baghdad Bob School of Corporate Communications'

Posted on July 29, 2008

Remember Baghdad Bob, the former Information Minister of Iraq? Well, Jim Press, Co-President of Chrysler, appears to have graduated from the Baghdad Bob School of Corporate Communications. On Friday, Press said it was good that Chrysler suddenly suspended vehicle lease financing and declared that dealers and customers should be happy. Press blamed the current environment for the leasing suspension but didn t say what in this environment was different from past environments. I think things are different because Chrysler is attempting to roll over $30 billion of short term debt that is collate...

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